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29957173
29957181

8629 S Vermont Ave, Los Angeles, CA 90044

CL
01902650
Kidder Matthews
VC
CA 02012324
Kidder Mathews Los Angeles
Listed by Kidder Matthews, Kidder Mathews Los Angeles
$1,650,000
102 days on market
Updated 102 days ago
Opportunity zone

8629 S Vermont Ave

Details
APN 6047-003-007
Property Type Multifamily
Sub Type Apartment Building
Square Footage 6,216
Net Rentable (SqFt) 6,216
Units 10
Cap Rate 7.7%
NOI $127,104
Occupancy 90%
Pro-Forma Cap Rate 8.15%
Pro-Forma NOI $134,513
Price per SqFt $265
Broker Co-Op Yes
Class C
Year Built 1927
Buildings 1
Stories 2
Lot Size (SqFt) 5,201
Zoning LCC3YY
Parking Spaces 19 spaces
Parking Per SqFt 3.06
Investment Type Stabilized
Ground Lease No

Mixed-Use with Parking Lot | 10 Units | South LA I 8.26 GRM I 7.70% CAP Rate

Marketing description

We are proud to present 8629 S Vermont Ave, a rare, creative compound in Los Angeles, offered at an 8.26 GRM and a 7.70% CAP on actual rents, with 19 parking spaces available on site.

This mixed-use property is comprised of one, two-story building consisting of a total of 6,216 rentable square feet. Built in 1927 the property has undergone significant renovations and sits on an LCC3YY zoned two parcel assemblage corner lot with street access on two sides plus alley access totaling 10,401 square feet of land.

The unit mix features four (4) studios, four (4) one-bedroom one-bathroom units, and two (2) commercial units currently occupied by the seller. The second parcel is a paved lot, currently being used as parking with gated and remote access, offering a total of 19 secure on-site parking spaces with fantastic ingress/egress with parking access from Vermont Ave and the alley.

Located on the corner of W 87th St and Vermont Ave, this property offers excellent access with close proximity to the 110 Freeway, multiple Metro stations, and easy access to Downtown Los Angeles, Inglewood, Lennox, Gardena and Crenshaw.

Contact Casey Lins at 714.333.6768 or [email protected] for additional information.

Listing Contacts

CL
01902650
Kidder Matthews
VC
CA 02012324
Kidder Mathews Los Angeles
Listed by Kidder Matthews, Kidder Mathews Los Angeles

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$127,104.00
$10,592.00/mo

Valuation Metrics

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DSCR
7.7%
Cap Rate
7.7%
ROI

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